Nick is nearing retirement and is looking to purchase a mutual fund that will provide a relatively safe investment as well as regular income payments. Among mutual funds with an income objective, Nick can either buy shares in secunties, and short-term obligations issued by corporations, or he can invest in return and the potential for capital appreciation as well. which invest in CDs, government for a slightly higher current income Within the category of bond funds are even more specific options, Nick decides to buy shares in a fund that invests in Treasury issues maturing in more than ten years, known as bonds. He is also collecting income from shares he already owns in a fund, a type of fund that invests in securities issued by agencies such as Fannie Mae and Freddie Mac Growth Objective Karen is a 32-year-old woman with two children who owns her own home and has a substantial rebrement account. She recently received an inheritance from her uncle and is looking to invest in a mutual fund that invests in stocks with market capitalization of more than $10 billion. She decides to purchase shares Growth and Income Objective Carlos is a 25-year-old engineer who plans to invest $500 from each monthly paycheck in a mutual fund. He is interested in a fund that balances current income and capital gains, but with an emphasis on capital gains, so he buys $2,000 worth of shares. He would also like to put some money into a fund that divides investments wisely among different types of asset classes; therefore, he purchases shares as well, One feature common to all of the above mutual funds is the beneficiary designation, Based on the characteristics of the investors above, this feature would be of most interest to